In the latest trending news, Elon Musk, the CEO of Tesla and Twitter, has acquired the Twitter platform by merging it with his company, X Corp. This move marks a significant step towards Musk’s vision of creating an “everything app” that can rival China’s WeChat.
Sources familiar with the ongoing lawsuit between Laura Loomer and Twitter have disclosed that Twitter merged with X Corp on April 4th. This information came to light in a court document filed during the proceedings.
In 2019, Loomer sued Twitter for violating federal racketeering laws when the platform banned her account. Though unimportant, the court case revolves around Loomer’s claim that Twitter’s decision to ban her account was part of a broader conspiracy to silence conservative voices on the platform.
Elon Musk has taken the first step in making Twitter an all-encompassing app known as X Corp. Although the merger has yet to be announced, it will unlikely have any immediate effect soon. Musk has expressed his intention to transform the Twitter platform into a more comprehensive app, and this move marks the beginning of that process.
The Twitter CEO recently announced that they had replaced the Twitter bird icon with the Dogecoin memecoin, which he adored. As a result, the price of the memecoin experienced a significant surge of over 20% after the announcement.
This change in the Twitter icon is considered a significant move, as it reflects the CEO’s affinity towards Dogecoin and highlights this particular cryptocurrency’s growing popularity. The Twitter platform has been a major player in the crypto market, and this move could lead to increased interest and investment in Dogecoin.
